TOOL · GROSS COST

How much would a basic income cost in Bahamas?

Calculate the gross annual cost of paying a monthly amount to the country’s adult and child population.

Country

Adult population 326,230child population 73,210year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

3,483 million

in BSDBSD 3,483,216,000

Equal to 22.8% of reference GDP

Population covered: 399,440 people

Adults: 326,230 × BSD 800 × 12 = BSD 3,131,808,000

Children: 73,210 × BSD 400 × 12 = BSD 351,408,000

BSD 3,131,808,000 + BSD 351,408,000 = BSD 3,483,216,000

Offset benefits, recovered tax, administrative savings and later economic effects are not deducted. This is a gross cost, not a net cost.

Sources and method

Population 2023 · World Bank WDI

GDP 2023 · $15,271,300,000 · World Bank WDI

Currency BSD · exchange rate 1.0000 BSD/USD (2023)

Converted cost $3,483,216,000 for the GDP share.